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MORGAN STANLEY OBSERVES PROFIT JUMPS

Published On 17 Jan 2020 01:33 PM


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On Thursday, Morgan Stanley lifted its performance goals. It beat the Wall Street estimates by a wide margin. It is being viewed as the sign that Chief Executive James Gorman’s strategic vision for the bank has started showing the results.

In a presentation, over the next two years and beyond, Morgan Stanley set the bar higher for returns on equity, expense controls, and wealth management profits.

The new targets were....


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